Weird trend driving first-home buyers

PHOTO: It’s a tough first home buyers market for singles, despite help from the Scott Morrison government. Picture: Getty Source: Getty Images

First timers looking for a home to call their own are rushing to take advantage of government incentives but not in the way Scott Morrison might have expected.

Singles are stepping up to cash in on the First Home Loan Deposit Scheme, however city slicker first-time buyers still have the biggest hurdle.

The Government this week released data showing who has already signed up to the FHLDS since it launched on January 1. Only six weeks into the program and 6500 spots have already been snapped up – more than half of which are to single first-home buyers.

It also revealed that nationwide, more than half of the applicants so far were under the age of 30 (except for those applying in Sydney), 70 per cent of the certificates issued had been for houses, apartments made up 25 per cent, and townhouses five per cent.